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Wells Fargo Bank Provides $63M Loan For Multifamily Property In West Palm Beach

290 North Olive Avenue
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This MultiFamily property located in FL received a loan of $63,000,000 over 3 years ago. The brokers of the deal were Craig Romer and Bob Dockerty

The multifamily property located at 290 North Olive Ave in West Palm Beach was involved in a closed transaction. The loan for this property was provided by Wells Fargo Bank, in a deal brokered by Dockerty Romer & Co. The loan amount was $63,000,000 and had a term of five years, with a floating coupon. The property consists of 251 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $63,000,000
  • Address: 290 North Olive Ave
  • Market: West Palm Beach

Bob Dockerty & Craig Romer of Dockerty Romer & Co represented the parties involved in this transaction as the brokers.

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Deals
  • Location
    290 North Olive Avenue, West Palm Beach, Florida 33401, United States290 North Olive Avenue, West Palm Beach, Florida 33401, United States
  • Loan Value
    $63,000,000$63,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Craig Romer

Craig Romer

Deals1
Financed$63M

Agency

Dockerty Romer & Company

Dockerty Romer & Company

Agency
Deals2
Volume$126M

Wells Fargo

Wells Fargo

Lender
Deals121
Volume$ 1.1T

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Deal Summary

LOAN IMAGE: Bob Dockerty & Craig Romer DATE: 07/13/2021 ADDRESS: 290 North Olive Ave. MARKET: West Palm Beach ASSET TYPE: Multifamily LENDER: Wells Fargo Bank BROKER: Dockerty Romer & Co. LOAN AMOUNT: $63,000,000 LOAN TERMS: five-year loan, which pays a floating coupon UNITS: 251

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290 North Olive Avenue

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